Waste Management to Pay $29 Million to Settle Dispute Over Joint Venture Sale

Date: February 15, 2007

Source: Waste Management Inc.

Waste Management said Thursday in an SEC filing that it was ordered to pay about $29 million to settle a dispute involving its sale of a joint venture in Mexico. An international arbitration tribunal ruled against Waste Management during the fourth quarter of 2006. The dispute involved issues of valuation of the joint venture, the filing said. The payment includes monetary damages, interest dating back to the date of the sale in 2000, and certain fees and expenses, the filing said.

For more information, visit: www.wm.com.

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